AutoBeat Group

With 155,000 paid subscribers worldwide, the AutoBeat Group publications are the world’s most widely read automotive business dailies. Our newsletters provide a quick, to-the-point interpretive digest of the day’s most important auto business news.

GM Wins Approval for Cadillac Plant in China

By: AutoBeat Group - May 08, 2013 at 6:51 AM

The Chinese government has granted General Motors Co. permission to erect an 8 billion yuan ($1.3 billion) assembly plant in Shanghai to make Cadillac vehicles.GM says construction of the facility, which will have annual capacity of 150,000 units, will begin next month.

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GM Wins Approval for Cadillac Plant in China

By: AutoBeat Group - May 08, 2013 at 6:44 AM

The Chinese government has granted General Motors Co. permission to erect an 8 billion yuan ($1.3 billion) assembly plant in Shanghai to make Cadillac vehicles.GM says construction of the facility, which will have annual capacity of 150,000 units, will begin next month.

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GM Plans to Invest $16 Billion in U.S. Facilities

By: AutoBeat Group - May 06, 2013 at 6:55 AM

General Motors Co. says it will spend about $16 billion on its U.S. facilities over the next three years.That figure compares with $11 billion GM said last month it intends to invest on expansion in China over the same period.GM announced but did not explain the U.S. figure on Sunday in a letter to The Wall Street Journal from Selim Bingol, vice president of public policy.

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Ricardo Tests “Leakproof “Flywheel System

By: AutoBeat Group - May 03, 2013 at 12:47 PM

Posted: May 2, 2013 at 9:52 pmResearchers at Ricardo plc are developing a touchless magnetic coupling to tap energy stored in high-speed flywheels.The technology addresses an obvious challenge with conventional flywheel designs: Extracting their energy requires a rotating axle that passes through the wheel’s vacuum-sealed enclosure, thus creating friction and possible leakage from the axle bearings.The Ricardo system uses magnetism to transfer energy to and from a completely sealed carbon-fiber flywheel.

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BMW Earnings Slip 3% to $1.7 Billion

By: AutoBeat Group - May 03, 2013 at 12:44 PM

Posted: May 2, 2013 at 11:58 pmBMW AG’s net profit fell to €1.3 billion ($1.7 billion) in the January-March period of 2013 from €1.4 billion ($1.8 billion) a year earlier.The company attributes the quarterly decline to heavy spending on new technologies, higher labor costs and weak European vehicle demand.Revenue shrank 4% to €17.5 billion ($22.9 billion) in the first quarter despite a 5% increase in worldwide sales of BMW, Mini and Rolls-Royce vehicles to 448,200 units.

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Toyota Cuts Fuel Cell Car Cost 95%

By: AutoBeat Group - May 02, 2013 at 4:39 PM

Posted: May 2, 2013 at 2:09 amToyota Motor Corp. says it has reduced the cost of building a small fuel cell-powered car to $50,000 from $1 million several years ago.Chris Hostetter, who heads strategic planning for Toyota’s U.S. unit, tells a conference in Los Angeles that the retail price on the company’s first production fuel cell car will be under $100,000 when it debuts in 2015.Toyota has been testing a fleet of 100 Highlander crossovers equipped with fuel cells.

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GM Quarterly Profit Falls 11% to $1.2 Billion

By: AutoBeat Group - May 02, 2013 at 4:38 PM

General Motors Co. netted $1.2 billion in the first quarter of this year compared with $1.3 billion in the same period of 2012 as operating results eroded in every region except Europe.Quarterly revenue dipped 2% to $36.9 billion because of a 3% drop in wholesale shipments and unfavorable exchange rates.

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Sirius Radio Plans Telematics Push

By: AutoBeat Group - May 01, 2013 at 4:03 PM

Posted: May 1, 2013 at 12:49 amSirius XM Radio Inc. plans to expand its satellite-delivered radio service with such telematics offerings as stolen car tracking, roadside assistance and local weather reports.Jim Meyer, who took over as CEO on Tuesday, tells Reuters he is mapping a strategy that spans the next 10 years.

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Auto Sales in America Could Top 16 Million Units by 2015

By: AutoBeat Group - May 01, 2013 at 4:01 PM

Posted: April 30, 2013 at 11:09 pmU.S. light vehicle sales, which jumped 14% to 14.46 million units in 2012, will rise 6% to a six-year high of 15.4 million units this year, LMC Automotive Ltd. predicts.The Oxford, England-based research firm notes that consumer auto demand has been remarkably resilient amid uncertainties about the American budget deficit and spending cuts.LMC expects vehicle sales growth to accelerate in the second half of 2013 because of the need to replace aging vehicles, the launch of 51 new or revamped models this year and greater consumer confidence fostered by stronger job and housing markets.After double-digit sales expansion in 2010 through 2012, 3% gains in both 2014 and 2015 will boost volume to 16.35 million vehicles by 2015, according to the research group. 

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Toyota Aims for 70%+ Parts Commonality

By: AutoBeat Group - April 30, 2013 at 5:24 PM

Posted: April 30, 2013 at 2:17 amToyota Motor Corp.’s “new global architecture” (NGA) strategy targets a lineup of vehicles that share 70%-80% of their parts, Automotive News reports.Toyota President Akio Toyoda says the plan is essential to its goal of becoming the first carmaker to sell more than 10 million vehicles in a year.

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Daimler Names New U.S. Manager for Smart Brand

By: AutoBeat Group - April 30, 2013 at 5:21 PM

Posted: April 30, 2013 at 4:06 pmDaimler AG’s Mercedes-Benz USA unit has appointed Mark Webster as general manager of its Smart minicar brand in the U.S., effective May 1.

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